McLEAN, Va. -

The North Carolina Automobile Dealers Association on Monday announced an endorsement of its preferred retirement plan administrator.

Named for the role is NADART, the retirement plan and benefits division of the National Automobile Dealers Association.

In the new venture, NCADA and NADART said they will work together to deliver investment and employee benefit options specifically targeted toward dealer businesses.

NCADA president Robert Glaser said, “NADART really understands the dealer business model and offers tremendous value, both with their products and commitment to service all aspects of the sponsored plan.

“Each vendor is carefully selected and final approval is made at the executive level,” Glaser said. “Being a preferred partner is a privilege that NADART doesn’t take lightly.”

Also commenting on the announcement was Betsy Piper Bach, NADART vice president and chief operating officer.

“It is tremendous that NADART is being recognized for the unique value it brings to dealers across the country,” she said. “We will continue to work hard to over deliver in the benefits category for dealerships.

“We are proud to provide a level of investment plan management for sponsors and individual investors, usually reserved for large corporations,” Piper Bach added.

As of January 2013, NADART has administered and managed assets of nearly $3 billion, the company reported, and supports more than 2,000 plans with more than 90,000 participants. 

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